Purchase of a well-renovated Condo in Boston

[Bella Butler]

Investment Info:

Other buy & hold investment in Charlestown.

Purchase price: $745,000
Cash invested: $225,000

Condo, Almost new, pristine finish targeting the higher-end market.

What made you interested in investing in this type of deal?

Off-market, below market price. Prime location. Great neighborhood and resident group.

How did you find this deal and how did you negotiate it?

Our neighbors they wanted to sell their condo that was only one year old.

How did you finance this deal?

Closing in cash and then taking out a conventional loan

How did you add value to the deal?

Off-market deal, below market price

What was the outcome?

Smooth transaction, clean deal

Lessons learned? Challenges?

Nothing, should dig and pursue more off-market deals in this heated market.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No, I was the real estate agent myself